(Answered) Faith sees an item priced at pound2450 or euro3250nbspshe

Economics

Faith sees an item priced at £24.50 or €32.50. she considers changing pounds to euros to buy it, at a rate of exchange of £1 = €1.30.

a) Calculate the value of £24.50 in euros at this exchange rate.

b) Convert the item's price in euros to pounds sterling at the exchange rate given.

c) State which currency she should use to buy the item.

d) State the saving made, in the currency chosen.

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Macroeconomics, Economics

Category:- Macroeconomics
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